ECB’s Simkus: Inflation is on its way down

  • Rates need to stay restrictive to tame prices
  • Prompt monetary policy response has been effective

I wouldn’t label calling inflation as “transitory” to be a prompt monetary policy response but okay. The tough part for the ECB is if there are second-round effects, they might not be afforded as much room to work with given the state of the economy in the months ahead.

This article was written by Justin Low at Source